Credit Card

Earn the Way You Want with Rewards Flex for the BlockFi Rewards Credit Card

Published, 17 November, 2021

Note: Some of the cardholder benefits mentioned in this blog post have expired or changed. For the most up-to-date information on cardholder rewards, visit blockfi.com/credit-card. For more detailed information, please see the BlockFi Rewards Program and Crypto Rewards Account Terms

The BlockFi Rewards Credit Card has already been a big hit in the crypto community, with annualized credit card spend on pace to hit $2 billion. But we’re not resting on our laurels. Instead, we’re continuously looking for ways to improve the client experience. That’s why we’re excited to announce our new Rewards Flex feature, which lets cardholders choose the cryptoassets they want to receive as rewards for their credit card spending.

So far, the BlockFi Rewards Credit Card has enabled cardholders to earn up to 3.5%* back in Bitcoin (BTC) every month. But what if Bitcoin isn’t enough? We’re all about options here at BlockFi, so with Rewards Flex, you can now select from any of the cryptoassets supported on our platform and receive your reward in that asset type. That means you can keep earning BTC rewards, or opt for Ether (ETH), Litecoin (LTC), Chainlink (LINK), PAX Gold (PAXG), Basic Attention Token (BAT), or Uniswap (UNI) at the same rewards rate.

And that’s not all. You can also opt instead for stablecoin rewards and earn up to 3.5%* back in Gemini Dollar (GUSD), USD Coin (USDC), Paxos Standard (PAX), Multi-Collateral Dai (DAI), or Binance USD (BUSD).

The Rewards Flex feature is an easy and convenient way to diversify your cryptoasset portfolio, and gives you the freedom and flexibility to adapt to market conditions. Best of all, you can change the cryptoasset reward you want to receive as many times as you want.

If you’re ready to start using Rewards Flex, here’s what you need to do:

Sign in to blockfi.com
Click on ‘Credit Card’ > ‘Rewards’
In the ‘Manage Rewards’ section, click the dropdown menu under ‘Rewards Currency’
Select the cryptoasset you want to earn rewards in
Start earning up to 3.5% in your preferred cryptoasset*

Please note that you can only be rewarded in one cryptoasset per month—not multiple—and you’ll earn rewards in the cryptoasset that you have selected on the last day of the prior month.

Since launching the card in August 2021, the BlockFi Rewards Credit Card community has grown to over 50,000 cardholders who have amassed over 170 Bitcoin (equivalent to $10.3m as of price on November 17th, 2021) since the last #BlockFiDay, which is the monthly credit card rewards redemption date.

Learn more about the BlockFi Rewards Credit Card here.

It’s not too late to apply and start earning up to 3.5% back in the cryptoasset of your choice. Just create a BlockFi account and apply now.

*3.5% is an introductory offer that spans the first 90 days of card ownership, beginning on the date of card activation. The introductory offer is capped at $100 dollars in Bitcoin.

Disclaimer: Applying for the BlockFi Bitcoin Rewards Credit Card (“Card”) does not guarantee that you will be eligible to receive the Card. Geographic, regulatory, and underwriting restrictions will apply. Fees and terms are subject to change, and additional terms of service will apply to the Card. By applying for the Card, you agree to receive marketing communications pursuant to BlockFi's Privacy Policy.

For more information, please see BlockFi’s Terms of Service. BlockFi is not a Bank. Cards are issued by Evolve Bank & Trust, Member FDIC, pursuant to a license from Visa® USA Inc. Rewards are not offered by Evolve Bank & Trust and are instead offered and managed by BlockFi.

Nothing contained in this announcement should be construed as a solicitation of an offer to buy or offer, or recommendation, to acquire or dispose of any security, commodity, investment or to engage in any other transaction. The information provided in this announcement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. This announcement is not directed to any person in any jurisdiction where the publication or availability of the announcement is prohibited, by reason of that person's citizenship, residence or otherwise.

Neither BlockFi nor any of its affiliates or representatives provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.

Rates for BlockFi products are subject to change. Digital currency is not legal tender, is not backed by the government, and crypto interest accounts are not subject to FDIC or SIPC protections. Geographic restrictions and other terms and conditions apply.

Learn more at BlockFi.com.

BlockFi Lending LLC NMLS ID#1737520 | BlockFi Trading LLC NMLS ID#1873137

Last updated on June 2nd, 2022

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As of February 14, 2022, the BlockFi Interest Account (BIA) is no longer available to new clients who are US persons or persons located in the US and existing US clients with BIA accounts are unable to transfer new assets to their BIAs. Learn More.

BlockFi Lending LLC NMLS ID#1737520 | NMLS Consumer Access

BlockFi Trading LLC NMLS ID#1873137 | NMLS Consumer Access

Digital currency is not legal tender, is not backed by the government, and crypto accounts held with BlockFi are not subject to FDIC or SIPC protections. Digital currency values are not static and fluctuate due to market changes. Not all products and services are available in all geographic areas and are subject to applicable terms and conditions. Eligibility for particular products and services is subject to final determination by BlockFi. Rates for BlockFi products are subject to change.

BlockFi Rewards Credit Card: For more information, please see BlockFi’s Terms of Service. BlockFi is not a Bank. Cards are issued by Evolve Bank & Trust, Member FDIC, pursuant to a license from Visa® USA Inc. Rewards are not offered by Evolve Bank & Trust and are instead offered and managed by BlockFi.

BlockFi International Ltd. holds a Class F digital assets business license under the Digital Assets Business Act, 2018 (as amended) and is licensed by the Bermuda Monetary Authority to conduct the following digital assets business activities: (i) issuing, selling or redeeming virtual coins, tokens or any other form of digital assets (ii) operating as a digital asset exchange (iii) providing custodial wallet services (iv) operating as a digital asset derivative exchange provider and (v) operating as a digital assets services vendor.

See blockfi.com/terms for more information.

BlockFi Lending LLC NMLS ID#1737520 | NMLS Consumer Access

BlockFi Trading LLC NMLS ID#1873137 | NMLS Consumer Access

See blockfi.com/terms for more information.

Earn the Way You Want with Rewards Flex for the BlockFi Rewards Credit Card

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